On this episode of the Investor Financing Podcast, join Beau as he discusses financing for short term rentals (STR). He talks about different terms, interest only options, pros and cons versus bank “conventional” financing. For more information on how Beau can help you scale your STR or rental business, book a call with him today at https://calendly.com/beaueckstein/str-lending
Whether you own the property or not, learn how to profit from arbitrage: You can lease a property from the owner and rent it out for a higher price, earning a profit on the difference.
Today, we're back for another great interview with Al Williamson on Mid-Term Housing, aka Furnished Corporate Rentals (also called “Extended Stays”).
Listen or watch to learn how Al is crushing it in this space. He has many tricks up his sleeve to maximize profits – Less doors more cashflow!
To buy his book on how to work with VA's, go to https://amzn.to/3xgl8X5
To join his mentorship/coaching program, click here – https://investorfinancingpodcast.com/corporate-rentals
🔴 In this episode, we share the story of one of Vinney Chopra's coaching students.
In it, we also cover three important concepts:
💪🏽 Work ethic
💰 Direct-to-seller lead generation Vinney's student now has 126 multifamily units after only 2 years in the business. How did he do it? Watch the video to find out.
Short-term rentals (STRs), including vacation rentals, are an exciting and rapidly-growing new asset class. Airbnb and HomeAway, among others, are raising awareness of this increasingly popular, HUGE opportunity.
How do you get into the short-term rental game? You need financing. Watch this video to see how.
Financing Vacation Rentals
Investors typically turn to alternative lenders like me for a few reasons. The first situation is if they are self-employed, including owning their own business. Another reason would be that they already own too many properties to qualify for another conventional mortgage. Finally, and importantly, they may turn to an alternative lender because they want to own their investment properties in a legal entity to protect their other assets. That is not allowed with conventional mortgages. There are many benefits of non-bank financing. Feel free to book a discovery call with me at https://calendly.com/beaueckstein/str-lending
From mortgage broker to cash flow king!
Our good friend Eric Lawson is on the show today. Eric has 14 years of very successful experience in the mortgage industry, focusing on residential home buyers.
After he got his Economics degree at UC Davis (go Aggies!), he entered the mortgage industry, paid his dues, learned the business, and became a top producer.
During the COVID pandemic, he set his sights on producing recurring cashflow of $10k a month.
Fast forward 7 months and he's now doing 3x that ($30k a month).
How did he do it? Find out by watching this episode carefully.
We'll give you a brief preview: He bought properties in choice locations that were poised to be great AirBnB rentals. Eric will tell you what he looked for, how he improved the properties, and what he does to get them booked.